PHILADELPHIA _ Comcast Corp.'s second-quarter revenues rose a slim 2.8 percent and the company reported a modest decline in profits as its slate of Hollywood movies couldn't repeat the remarkable run of blockbusters that it had in 2015.
Otherwise the cable and entertainment conglomerate had a solid quarter as it continued healing its pay-TV business _ video-subscriber losses were a negligible 4,000 compared with 69,000 in the year-ago quarter _ and NBC broadcast-TV revenues jumped 17 percent on added licensing and retransmission fees.
Revenues in the hit-or-miss Universal films unit fell 40 percent.
The Philadelphia-based company reported revenues of $19.3 billion compared with $18.7 million in the year-ago quarter. Net income was $2 billion compared with $2.1 billion a year ago.
In a statement, Comcast CEO Brian Roberts said: "Our cable subscriber and financial performance during the quarter was outstanding. We more than tripled our customer relationship additions, with our best second quarter internet customer results in eight years and our best second quarter video results in over 10 years."
